9, MARTELL CLOSE, CALDECOTTE, MILTON KEYNES, MK7 8AG - £225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

9 MARTELL CLOSE is a very small detached house of 78m², built sometime between 1996 and 2002. It was last sold for £225,000 in May 2007, which was around 21% below the average May 2007 detached price in the Milton Keynes local authority area. The most recent EPC inspection was October 2023, where the current energy rating was C, and the potential energy rating was B.

9 MARTELL CLOSE Sold Prices

Land registry data shows two sales for 9 MARTELL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Milton Keynes local authority area for the corresponding sale date. Both of the two 9 MARTELL CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2007 10 MAY	£225,000	£284,393	21% below HPI
2002 22 FEB	£142,500	£175,387	19% below HPI

9 MARTELL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Milton Keynes local authority area over time, sourced from the HPI. The two 9 MARTELL CLOSE sales from February 2002 and May 2007 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2002 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the May 2007 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is 9 MARTELL CLOSE?

9 MARTELL CLOSE is 78m² according to the EPC inspection conducted in October 2023. This puts it in the smallest 20% of detached houses in Milton Keynes, based on EPC data. The below chart shows the distribution of detached houses by size in Milton Keynes, and where 9 MARTELL CLOSE lies on this distribution: 10% of detached houses are smaller than 9 MARTELL CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Milton Keynes.

9 MARTELL CLOSE: Plot and Title Map

9 MARTELL CLOSE sits on a plot of roughly 0.062 of an acre, or 250m². The below map shows the location of 9 MARTELL CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 9 MARTELL CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 9 MARTELL CLOSE?

9 MARTELL CLOSE is located in CALDECOTTE, in the MK7 postcode district. The below map shows the position of No. 9 on MARTELL CLOSE.